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U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

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FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

1

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
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Big Tech
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AI
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Cybersecurity
‘Dr. Doom’ Nouriel Roubini says we’re headed for universal basic income or ‘some form of socialism’ as AI revolutionizes work—He calls that optimistic
‘Dr. Doom’ Nouriel Roubini says we’re headed for universal basic income or ‘some form of socialism’ as AI revolutionizes work—He calls that optimistic

“Essentially, the government is going to take over some fraction of the big tech firms.”

By Jason MaJuly 18, 2026
A massive margin call and ‘push-button liquidity’ have torched stocks, but they’re now poised to rebound, top Wall Street forecaster says
A massive margin call and ‘push-button liquidity’ have torched stocks, but they’re now poised to rebound, top Wall Street forecaster says
By Jason MaJuly 18, 2026
xi
A Chinese Pink Floyd fan is giving Claude and Chat their own DeepSeek moment — an AI model just as good and half the price
By Matt O'Brien and The Associated PressJuly 18, 2026
Svenja Gudell, Chief Economist, Indeed
Indeed chief economist: Aging Baby Boomers are America’s real labor problem, not AI
By Svenja GudellJuly 18, 2026
ives
‘I’m an example of what I’ve preached’: Dan Ives knows AI has a ‘PR problem’ but it led to his massive career change after 25 years on Wall Street
By Nick LichtenbergJuly 18, 2026
pt
Peter Thiel just gave the public its closest look yet at his ‘Antichrist’ theory—and it’s a tech and climate regulator
By Nick LichtenbergJuly 18, 2026
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Big Tech
More in Big Tech
Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders
Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders

The Nvidia CEO’s Tom Ford jacket, photomatched to a 2023 Taipei appearance, carried a $40,000-$60,000 estimate.

By Sydney LakeJuly 17, 2026
Netflix stock hits a 52-week low after earnings—but analysts say investors are missing the bigger picture

There may be a growth story brewing at Netflix that the market is missing.

By Sheryl EstradaJuly 17, 2026
Netflix used AI to produce 17 minutes of a documentary ‘twice as fast and at half the cost’—as streaming competition drives up content spending to $20 billion

The streaming company touted the efficiencies of AI in its Q2 earnings, while stressing that movies will still be ‘made by people who make movies.’

By Amanda GerutJuly 16, 2026
Tech stocks lead steep global sell-off as investors lose faith in AI chip trade

Everything you need to know before you reach the office this morning.

By Jim EdwardsJuly 17, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’
SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’

A wave of wildly bullish price targets from Wall Street’s SpaceX underwriters arrived just before the stock fell—raising questions about how much analysts really know.

By Shawn TullyJuly 18, 2026
Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

K3 might undermine the conventional wisdom that U.S. firms can maintain their extended lead by simply outspending Chinese competitors on computing power.

By Nicholas GordonJuly 17, 2026
Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory

“K3 stands as Moonshot AI’s most powerful open-source coding model to date,” Moonshot AI wrote in a press release.

By Nicholas GordonJuly 16, 2026
The VC betting $5.4 billion that Suno is the future of music

Menlo’s Amy Wu Martin says the AI music startup’s real business isn’t hit songs—it’s a new habit of making music just for yourself.

By Lily Mae LazarusJuly 17, 2026
More in Startups & Venture
AI
More in AI
Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive
Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive

Lower costs and open-source availability are prompting some companies to experiment with Chinese AI models, even as security concerns remain.

By Tatiana SatauaJuly 17, 2026
OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off

Forget cost per token. Sarah Friar argues CFOs should judge AI by the work it actually completes.

By Sheryl EstradaJuly 17, 2026
Xi offers AI olive branch to the world, calling for ‘symphony of global cooperation’

“The development of artificial intelligence should not be a solo performance by any single country,” the Chinese president said at an event in in Shanghai.

By Han Guan Ng, Chan Ho-Him and The Associated PressJuly 17, 2026
The AI boom is increasingly built on debt, but investor demand is plunging just as hyperscalers ramp up their bond blitz

The coverage ratio for hyperscaler bond issuance tumbled from 5x in February 2026 to below 2x in July.

By Jason MaJuly 17, 2026
More in AI
Innovation
More in Innovation
merck
The cholesterol shot you couldn’t afford is now a pill

The FDA has cleared Merck’s Lipfendra for patients whose artery‑clogging cholesterol remains high despite statins.

By Matthew Perrone and The Associated PressJuly 16, 2026
Runaway Tesla that crashed into a grandmother’s living room was actually being steered by a human, investigators find

Federal investigators say a Model 3 in Katy, Texas was on Full Self-Driving (Supervised) when the driver slammed the accelerator to 100%.

By Bernard Condon and The Associated PressJuly 16, 2026
Meet the AI employee that convinced Sequoia to invest $45 million in Sable

Startup Sable says its AI agent acts like a sales engineer and onboarding specialist, helping companies like Notion and Decagon automate customer conversations.

By Lily Mae LazarusJuly 16, 2026
‘Japan’s excellence is a philosophy, a way of life’: Jensen Huang wants robots to take care of an aging society with a labor shortage

The push pairs Nvidia’s chips with Japan’s manufacturing giants Fanuc, Yaskawa and Kawasaki, backed by a $2.3 trillion national tech plan.

By Yuri Kageyama and The Associated PressJuly 16, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
Cybercriminals are cashing in on the World Cup by selling stolen streaming accounts
Cybercriminals are cashing in on the World Cup by selling stolen streaming accounts

Fans looking to avoid paying for World Cup broadcasts are fueling a booming black market for stolen streaming accounts worth nearly $220 million, according to new research from HUMAN Security.

By Tatiana SatauaJuly 18, 2026
Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack pushing crypto tokenization

Airbnb CEO Brian Chesky appears to have been the target of a cyberattack, sources tell Fortune.

By Rachel VentrescaJuly 16, 2026
Meta Oversight Board study: AI chatbots may be the most perfect propaganda machine ever invented

The study found bots even answer differently based on language too — ChatGPT calls China “not a democracy” in English, but hedges in Chinese.

By Didi Tang and The Associated PressJuly 16, 2026
‘I want to cry, I want to vomit’: Meet a 43-year-old who lost $90,000 to an online boyfriend she never met

It lasted for over 237 days and 10,449 messages, and she’s not alone: U.S. losses to romance scams hit $1.3 billion last year.

By Juliet Linderman and The Associated PressJuly 16, 2026
More in Cybersecurity
Latest stories from Fortune
U.S. military launches new airstrikes to ‘swiftly punish’ Iran for attack on Jordan that killed American troops
Middle East
U.S. military launches new airstrikes to ‘swiftly punish’ Iran for attack on Jordan that killed American troops
By Jon Gambrell, Toqa Ezzidin, Konstantin Toropin and The Associated PressJuly 18, 2026
Walmart removes four Taylor Farms salads as recalls spread
Retail
Walmart removes four Taylor Farms salads as recalls spread
By Jaewon Kang, Jessica Nix, Fabiola Zerpa and BloombergJuly 18, 2026
Trump’s billionaire envoy to Italy is on a ‘coastal diplomacy’ tour with his super yacht, but it’s enraging people in Venice. ‘It’s gross’
Politics
Trump’s billionaire envoy to Italy is on a ‘coastal diplomacy’ tour with his super yacht, but it’s enraging people in Venice. ‘It’s gross’
By Colleen Barry and The Associated PressJuly 18, 2026
The cheapest resale ticket price for the World Cup final tops $6,400, while special hospitality seats are nearly $60,000 each
Arts & Entertainment
The cheapest resale ticket price for the World Cup final tops $6,400, while special hospitality seats are nearly $60,000 each
By The Associated PressJuly 18, 2026
Iran just crossed Trump’s red line for resuming all-out war as fighting continues to escalate with no end in sight
Middle East
Iran just crossed Trump’s red line for resuming all-out war as fighting continues to escalate with no end in sight
By Jason MaJuly 18, 2026
Two U.S. troops are dead and another is missing after Iran attacks a base in Jordan as supreme leader calls Trump’s signature ‘worthless and invalid’
Energy
Two U.S. troops are dead and another is missing after Iran attacks a base in Jordan as supreme leader calls Trump’s signature ‘worthless and invalid’
By Jon Gambrell, Toqa Ezzidin and The Associated PressJuly 18, 2026
t
Politics
Trump monetizing his social media account is ‘odious’ and ‘brazen corruption’ — or an attempt to revive a 70% stock price crash since election
By Bernard Condon and The Associated PressJuly 18, 2026
bank
Banking
Citizens Bank drops links with private prison companies, citing ‘changed commercial circumstances’
By Ken Sweet and The Associated PressJuly 18, 2026
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mahan
Politics
Silicon Valley sees only one ‘sane’ Democrat running for governor: a 43-year-old former tech executive
By Trân Nguyễn and The Associated PressMay 7, 2026
  • Anduril CEO Brian Schimpf
    Magazine
    Inside Anduril: Meet the quiet engineer-CEO building America’s $31 billion weapons startup
    By Allie GarfinkleMay 6, 2026
A stack of coins tumbles over on top of a solid background.
Crypto
Crypto users keep getting robbed because of a simple design flaw—but a solution is at hand
By William MougayarMay 7, 2026
nyse
Commentary
Your trusted advocate or your rebellious Frankenstein: how you deploy agentic AI determines which one you get
By Jeffrey Sonnenfeld, Stephen Henriques, Yevheniia Podurets and Jasmine GarryMay 7, 2026
Exclusive: Gusto crosses $1 billion in 12-month trailing revenue
Newsletters
Exclusive: Gusto crosses $1 billion in 12-month trailing revenue
By Allie GarfinkleMay 7, 2026
Gusto’s path to $1 billion in revenue, milestone-by-milestone
Startups & Venture
Gusto’s path to $1 billion in revenue, milestone-by-milestone
By Allie GarfinkleMay 7, 2026
President Donald Trump after signing executive orders in the Oval Office of the White House on April 30, 2026 in Washington, D.C. (Photo: Andrew Harnik/Getty Images)
Newsletters
Trump’s AI policies sound oh so familiar
By Andrew NuscaMay 7, 2026
  • A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
    Magazine
    A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
    By Sharon GoldmanMay 6, 2026
Wall Street has decided the war is already over as stocks rally globally on peace talk progress
Politics
Wall Street has decided the war is already over as stocks rally globally on peace talk progress
By Jim EdwardsMay 7, 2026
san francisco
Real Estate
AI is quietly splitting the housing market in two: Bay Area luxury homes are up 13%, affordable ones are collapsing
By Jake AngeloMay 7, 2026
Meet Mark Stevens: The billionaire VC, Nvidia board member, and Giving Pledge signer who just donated $200 million to USC
AI
Meet Mark Stevens: The billionaire VC, Nvidia board member, and Giving Pledge signer who just donated $200 million to USC
By Sydney LakeMay 7, 2026
Trump’s AI policy team came into office opposing everything Biden did. Now it’s on the cusp of implementing many of the same policies
Crypto
Trump’s AI policy team came into office opposing everything Biden did. Now it’s on the cusp of implementing many of the same policies
By Sharon GoldmanMay 6, 2026
The ‘PayPal Mafia’ built a $1.5 billion fintech pioneer. The company they left behind is on life support
Startups & Venture
The ‘PayPal Mafia’ built a $1.5 billion fintech pioneer. The company they left behind is on life support
By Eva RoytburgMay 6, 2026
  • theo
    Commentary
    The hidden bottleneck holding back American manufacturing isn’t machines — it’s knowledge
    By Theo SavilleMay 6, 2026
Mark Zuckerberg once gave a Facebook engineer startup advice at 2 a.m. while ‘hanging out with all the interns’—she quit and raised millions after
Success
Mark Zuckerberg once gave a Facebook engineer startup advice at 2 a.m. while ‘hanging out with all the interns’—she quit and raised millions after
By Orianna Rosa RoyleMay 6, 2026
goldman
Investing
‘FOMO has proven a stronger incentive than poor stock performance’: Goldman Sachs finds insecurity is a key part of the AI boom
By Nick LichtenbergMay 6, 2026
How Wyndham scales AI to improve hospitality at 8,400 hotels
Newsletters
How Wyndham scales AI to improve hospitality at 8,400 hotels
By John KellMay 6, 2026
donald trump
Economy
AI could solve America’s $39 trillion debt crisis—but only if Washington abandons displaced workers, Yale Budget Lab warns
By Jake AngeloMay 6, 2026
AI
AI
Americans are busy getting angry and throwing a fit about AI while the Chinese use it to book travel, order food and hail rides
By Chan Ho-Him and The Associated PressMay 6, 2026
mcdermott
AI
ServiceNow just told Wall Street it’s going to double again. Here’s why $30 billion of revenue isn’t crazy
By Nick LichtenbergMay 6, 2026
mcdermott
AI
Your company’s AI could delete everything in 9 seconds. ServiceNow wants to be the kill switch
By Nick LichtenbergMay 6, 2026
Gas crisis? Kelp could be the biofuel answer to high gas prices, but only if the government removes some red tape
Environment
Gas crisis? Kelp could be the biofuel answer to high gas prices, but only if the government removes some red tape
By The Associated Press, Ana Georgescu and Zoe BeketovaMay 6, 2026
Inside Home Depot’s marketing playbook: weather signals, influencers, and an app to drive bigger baskets
C-Suite
Inside Home Depot’s marketing playbook: weather signals, influencers, and an app to drive bigger baskets
By Ruth UmohMay 6, 2026
anis
Commentary
AI, robotics, climate tech: How VCaaS helps corporations enter deep tech safely
By Anis UzzamanMay 6, 2026
Current price of Ethereum for May 6, 2026
Personal Finance
Current price of Ethereum for May 6, 2026
By Joseph HostetlerMay 6, 2026
mckinsey
Commentary
The U.S. leads in 14 of 18 industries shaping the future economy — but the lead isn’t guaranteed
By Kevin Russell, Chris Bradley and Kweilin EllingrudMay 6, 2026
huang
AI
Jensen Huang on why ‘agentic’ will rewire a $50 trillion economy: ‘operated by robots, managed by more robots, and the entire factory is a robot’
By Nick LichtenbergMay 6, 2026
burke
Conferences
The CEO of Trek Bicycle reads 52 books a year, hates smartphones, and thinks Milton Friedman was wrong
By Nick LichtenbergMay 6, 2026
District, founded by three Snapchat alumni, raises a $14.7 million seed round to help independent sellers build community-driven marketplaces
Newsletters
District, founded by three Snapchat alumni, raises a $14.7 million seed round to help independent sellers build community-driven marketplaces
By Allie GarfinkleMay 6, 2026
EQ
Commentary
EQ training is failing leaders in the AI era. Here’s the brain science concept that can replace it
By David RockMay 6, 2026
Qualcomm CEO Cristiano Amon thinks your relationship to your devices is about to change
Newsletters
Qualcomm CEO Cristiano Amon thinks your relationship to your devices is about to change
By Alyson ShontellMay 6, 2026
Coinbase co-founder and CEO Brian Armstrong in Davos, Switzerland, on Jan. 20, 2026. (Photo: Chris Ratcliffe/Bloomberg/Getty Images)
Newsletters
The rise of the Silicon Valley player-coach
By Andrew NuscaMay 6, 2026
melania
Commentary
Teachers union chief: Melania Trump’s robot reveals what this administration really thinks of children
By Randi WeingartenMay 6, 2026
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Economy
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran warplaceholder alt text
By Sasha RogelbergJuly 17, 2026
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FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’placeholder alt text
By Fortune EditorsJuly 15, 2026
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Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamationplaceholder alt text
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